Pure Financial Advisors Trimmed Its Holding in Sempra Energy (SRE) as Stock Rose; Baupost Group Has Upped Its Stake in Veritiv (VRTV) by $16.46 Million as Market Value Rose

April 18, 2018 - By Hazel Jackson

Sempra Energy (NYSE:SRE) Logo

Pure Financial Advisors Inc decreased its stake in Sempra Energy (SRE) by 37.22% based on its latest 2017Q4 regulatory filing with the SEC. Pure Financial Advisors Inc sold 12,119 shares as the company’s stock rose 2.65% while stock markets declined. The institutional investor held 20,438 shares of the natural gas distribution company at the end of 2017Q4, valued at $2.19 million, down from 32,557 at the end of the previous reported quarter. Pure Financial Advisors Inc who had been investing in Sempra Energy for a number of months, seems to be less bullish one the $29.72 billion market cap company. The stock increased 0.72% or $0.81 during the last trading session, reaching $112.6. About 1.74M shares traded. Sempra Energy (NYSE:SRE) has declined 0.38% since April 18, 2017 and is downtrending. It has underperformed by 11.93% the S&P500.

Seth Klarman increased its stake in Veritiv Corp (VRTV) by 19.25% based on its latest 2017Q4 regulatory filing with the SEC. Baupost Group Llc bought 587,761 shares as the company’s stock rose 36.84% while stock markets declined. The hedge fund run by Seth Klarman held 3.64 million shares of the paper company at the end of 2017Q4, valued at $105.24M, up from 3.05 million at the end of the previous reported quarter. Baupost Group Llc who had been investing in Veritiv Corp for a number of months, seems to be bullish on the $585.29 million market cap company. The stock increased 1.92% or $0.7 during the last trading session, reaching $37.2. About 46,270 shares traded. Veritiv Corporation (NYSE:VRTV) has declined 24.27% since April 18, 2017 and is downtrending. It has underperformed by 35.82% the S&P500.

Pure Financial Advisors Inc, which manages about $1.02 billion and $403.16 million US Long portfolio, upped its stake in Ishares Tr (SHY) by 4,143 shares to 20,867 shares, valued at $1.75 million in 2017Q4, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHB) by 4,918 shares in the quarter, for a total of 17,243 shares, and has risen its stake in Fidelity.

Among 9 analysts covering Sempra Energy (NYSE:SRE), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Sempra Energy had 21 analyst reports since September 15, 2015 according to SRatingsIntel. JP Morgan maintained the stock with “Neutral” rating in Thursday, October 12 report. The company was maintained on Monday, January 25 by RBC Capital Markets. RBC Capital Markets maintained the shares of SRE in report on Sunday, July 23 with “Buy” rating. Wells Fargo maintained it with “Buy” rating and $121.0 target in Wednesday, January 3 report. The firm has “Hold” rating by BMO Capital Markets given on Friday, August 4. The stock has “Buy” rating by Goldman Sachs on Wednesday, October 11. As per Thursday, May 11, the company rating was maintained by BMO Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, October 1 report. The stock of Sempra Energy (NYSE:SRE) earned “Neutral” rating by JP Morgan on Wednesday, November 1. Morgan Stanley maintained Sempra Energy (NYSE:SRE) rating on Thursday, August 10. Morgan Stanley has “Overweight” rating and $134 target.

Investors sentiment increased to 1.27 in 2017 Q4. Its up 0.08, from 1.19 in 2017Q3. It is positive, as 34 investors sold SRE shares while 165 reduced holdings. 67 funds opened positions while 185 raised stakes. 192.21 million shares or 2.89% less from 197.93 million shares in 2017Q3 were reported. Tortoise Capital Advisors Limited Liability Co stated it has 0% in Sempra Energy (NYSE:SRE). Kentucky Retirement Insur Fund holds 0.12% of its portfolio in Sempra Energy (NYSE:SRE) for 6,668 shares. Federated Inc Pa reported 104,472 shares or 0.03% of all its holdings. Cambridge Invest Research Advsr, Iowa-based fund reported 13,914 shares. Cutter & Co Brokerage Incorporated holds 0.69% or 15,787 shares. Netherlands-based Shell Asset Mgmt has invested 0.11% in Sempra Energy (NYSE:SRE). 576 are owned by Motco. Principal Financial Grp Inc Inc holds 1.27 million shares or 0.13% of its portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 0.09% or 333,284 shares. Cognios Ltd Llc owns 17,866 shares for 0.72% of their portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 3,664 shares or 0.04% of its portfolio. Baystate Wealth Mgmt Ltd Co stated it has 20 shares. Alphaone Invest Service Lc stated it has 0.02% of its portfolio in Sempra Energy (NYSE:SRE). Regions Fincl reported 0.01% stake. Amalgamated Comml Bank invested in 31,644 shares or 0.09% of the stock.

Since April 5, 2018, it had 0 insider purchases, and 2 insider sales for $5.94 million activity. 3,948 shares valued at $433,530 were sold by ROWLAND G JOYCE on Thursday, April 5.

Baupost Group Llc, which manages about $29.88 billion and $10.11 billion US Long portfolio, decreased its stake in Express Scripts Hldg Co (NASDAQ:ESRX) by 250,435 shares to 2.31 million shares, valued at $172.15M in 2017Q4, according to the filing.

Veritiv Corporation (NYSE:VRTV) Institutional Positions Chart

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